The Government approved the modernization of Cugir Mechanical Plant, the investment amounting to about 410 million RON, and the project is set to run for three years, the spokesman of the Executive, Mihai Constantin, announced."After the recent approval of the Defence Industry Strategy and the investment location in "Victoria" gunpowder factory announced last weeks, a new project has received today the Government's approval in this field of arms manufacturing, namely the modernisation of the Cugir Mechanical Plant in order to increase the production capacity and diversify the range of NATO ammunition," Constantin said.He said that the investment is worth about 410 million RON and will be financed from the state budget, with the project duration estimated at 36 months, three years."The reorientation towards a modernised production line at the Cugir Mechanical Plant will lead to increased operational efficiency, quality standardization, and will bring benefits to the safety and flexibility of production there. Additionally, for context, the defence industry sector is a strategically important segment of our economy and is meant to support the country's defence preparedness effort, so as to meet its own needs and honour the obligations assumed by our country as a NATO member," Mihai Constantin added.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
